Marine Diesel Market Size 2020 - Huge Growth Opportunities & Expansion till 2027 | Top Players Bomin Bunker Oil Corp, BP PLC, Gazprom Neft PJSC, Chemoil Energy Ltd, Exxon Mobil

Marine diesels are composed of blends of gasoil and heavy fuel oil and heavily utilized on maritime fields. Marine diesel oils are also termed as distillate marine diesels. Moreover, these are extensively deployed in medium speed and high-speed marine diesel engines. It is also used in the larger, slow speed, and medium speed propulsion engine, which normally burn residual fuel. Those fuels are obtained from catalytic cracking process. Moreover, according to International Maritime Organisation (IMO) and the International Convention for the Prevention of Pollution from Ships (MARPOL) certain regulations limit the emissions of excess sulfur into the air. These regulations have also led countries and organizations establish regulations and laws on MDO use. In addition, due to its lower price compared to more refined fuel, MDO is favored particularly by the shipping industry.

The global marine diesel market has foreseen some huge sack opportunities over the past few years. Moreover, the International Maritime Organizations regulate the usage of sulfur cap of 0.50% m/m (mass/mass) in 2020 for marine fuels, and increase in ocean-borne trade, especially in ton-km travelled. These factors boost the growth of the market. However, obsolete vessels are replaced by more competent boats, which in turn is expected to drive the market. In addition, the developing marine logistics business, cost efficient LNG products, coupled with imposition of environmental regulations on chemical emissions are other factors that fuel the market. These effective improvements are anticipated to balance the increments in trade to some extent. However, the current decline in the oil prices and the subsequent slowdown in the oil and gas industry is expected to restrict the market.

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The research offers a detailed segmentation of the global air conditioning equipment market. Key segments analyzed in the research by market type, application, end user, and geography. Extensive analysis of sales, revenue, growth rate, and market share of each market type, application, end user, and region for the historic period and the forecast period is offered with the help of tables.

The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

The research offers an extensive analysis of key players active in the global air conditioning equipment industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Daikin Industries, Ltd., United Technologies Corp., Hitachi, Ltd., Panasonic Corporation, Electrolux AB, Mitsubishi Electric Corporation, MIDEA Group Co., Ltd., Samsung Electronics Co., Ltd., Sharp Corporation, and Lennox International Inc. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

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Key Benefits
o This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 of the global marine diesel market to identify the prevailing market opportunities.
o Major countries in each region are mapped according to individual market revenue.
o Comprehensive analysis of factors that drive and restrict the market growth is provided.
o An in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors.
o Key players and their key developments in the recent years are listed.

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Marine Diesel Market Key Segments:
By End User
o Container
o Bulk Carrier
o Oil Tanker
o General Cargo
o Chemical Tanker
o Fishing
o Gas Tanker

By Distribution Channel
o Oil Majors
o Large Independent
o Small Independent

By Application
o Fuel Consumption
o Efficiency Level
o Fleet Management
o Viscosity Control

By Region
o North America
o Europe
o Rest of Europe
o Asia-Pacific
o LAMEA

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